Publisher's Synopsis
Employee Share Ownership Plans (ESOPs) are still relatively new to the UK financial scene but look set to proliferate over the next decade, as companies large and small seek to expand ways to encourage greater financial participation by their employees.;ESOPs are a progression from traditional employee participation schemes and there is an increasing awareness of their advantages. The rapid growth of ESOPs will bring a whole host of new questions before pracitioners.;This book renders ESOPs more comprehensible, providing practical advice on the complex legal, financial, tax and accounting issues which arise in the consideration, setting up and administration of an ESOP. Including actual ESOP case studies, it should be invaluable to those in corporate teams: finance directors, bankers, lawyers and accountants, who are advising the growing number of companies seeking to offer their employees greater financial participation. Additionally, it should be most useful to legal advisers working for bank lenders and those involved in human resources and personnel matters.;The second edition takes account of the evolution of ESOPs in the light of changes brought about by the Finance Acts 1990 and 1991 and the provisions of the Companies Act 1989 that have now come into force.;Unique in its field, the book is written by a specialist team at Clifford Chance, the law firm which has pioneered the development of ESOPs in the UK.
